Newett Homes | First Step Mortgage

Own Your First Home with Just a 2% Deposit*

Your first home could be closer than you think.

For many first-time buyers, saving for a deposit is the biggest challenge. That's why we're pleased to offer The Cambridge's First Step Mortgage on selected Newett Homes.

With just a 2% deposit required, buying a brand-new, energy-efficient home could be more achievable than you think.

Whether you're just starting your home-buying journey or you're ready to take the next step, our team is here to help you understand your options.

Why choose the First Step Mortgage?

Designed exclusively for first-time buyers, the First Step Mortgage helps make homeownership more accessible.

Benefits include:
- Just 2% deposit required
- Available on selected Newett Homes
- Up to 98% Loan to Value
- Borrow up to 5.5x your income
- Gifted deposits accepted from immediate family
- Free basic property valuation
- Specifically designed for first-time buyers

First Step Mortgage FAQs

The First Step Mortgage is available exclusively to first-time buyers purchasing selected new-build homes with Newett Homes. The mortgage is provided by The Cambridge Building Society and is subject to affordability, lending criteria and approval.

Eligible buyers can purchase a selected Newett home with just a 2% deposit. The remaining 98% is funded through the mortgage, subject to approval and lending criteria.

Yes. Gifted deposits from immediate family members are accepted, making it easier for many first-time buyers to take their first step onto the property ladder.

The First Step Mortgage is available on selected new-build houses across participating Newett Homes developments. Availability may vary, so please speak to one of our Sales Executives for the latest information.

Simply visit or contact one of our Sales Executives at your preferred Newett Homes development. Our Sales Executive will explain how the First Step Mortgage works, discuss the homes available and, if the scheme is suitable for you, introduce you to an approved independent mortgage adviser who can assess your eligibility and guide you through the application process.

Yes. The First Step Mortgage is available on homes with a maximum loan value of £500,000, with lending of up to 98% Loan to Value (LTV) and income multiples of up to 5.5 times your income, subject to affordability and lender approval.

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The First Step Mortgage is available on new-build houses only. New-build flats are excluded. The property must have a minimum value of £100,000.

The Cambridge Building Society provides a free basic valuation for lending purposes. As with any property purchase, you should also budget for any applicable legal fees, moving costs and other associated expenses.

The First Step Mortgage is provided by The Cambridge Building Society and is subject to the lender's eligibility criteria, affordability assessment, credit checks and lending policy.
The First Step Mortgage is available to
first-time buyers only
and is available on eligible properties, subject to the lender's criteria. Please speak to our Sales Executives for details of participating Newett Homes developments.
Deposit figures shown throughout this website are
illustrative examples only
, based on 2% of the advertised purchase price of selected homes, and are rounded for simplicity. Actual deposit requirements may vary depending on your individual circumstances and lender requirements.
Property prices and availability are correct at the time of publication (14 July 2026) but may change without notice.
Mortgage products, interest rates and lending criteria may change or be withdrawn by the lender at any time without prior notice.
We strongly recommend that you seek advice from an
independent mortgage adviser or qualified financial adviser
before making any financial commitment. Your adviser will assess your personal circumstances and recommend whether this mortgage is suitable for you.
Newett Homes does not provide mortgage or financial advice. Information provided on this website is for guidance only and should not be relied upon as financial advice.
Images, floor plans, CGIs and specifications are indicative only and may vary between developments and individual homes.
Incentives and offers cannot always be used in conjunction with any other promotion and may be withdrawn at any time. Please speak to a Sales Executive for full details.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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First Step Mortgage

Own Your First Home with Just a 2% Deposit*

Your first home could be closer than you think.

Why choose the First Step Mortgage?

Benefits include:

What could a 2% deposit look like?

The Paddocks, Kirton in Lindsey

Clifton View, Osgodby

The Heath, Fenay Bridge

Hazel Grove, Carcroft

Highmoor Gardens, Northowram

Cedar Grove, Birchencliffe

Explore Our Developments

The Pastures II

3-5 Bedroom Homes

Cedar Grove

2-5 Bedroom Homes

The Paddocks

3-5 Bedroom Homes

Clifton View

2-4 Bedroom Homes

Highmoor Gardens

2-5 Bedroom Homes

Hazel Grove

1 - 4 Bedroom Homes

The Heath

2 - 4 Bedroom Homes

Belmont Grange

4-6 Bedroom Homes

Scholars Gate

2 - 5 Bedroom Homes

The Pastures II

3-5 Bedroom Homes

Clifton View

2-4 Bedroom Homes

Belmont Grange

4-6 Bedroom Homes

Scholars Gate

2 - 5 Bedroom Homes

Hazel Grove

1 - 4 Bedroom Homes

Cedar Grove

2-5 Bedroom Homes

Highmoor Gardens

2-5 Bedroom Homes

The Heath

2 - 4 Bedroom Homes

The Paddocks

3-5 Bedroom Homes

First Step Mortgage FAQs

Who is the First Step Mortgage available to?

How much deposit do I need?

Can someone help me with my deposit?

Which Newett Homes are available with First Step Mortgage?

How do I apply?

Is ther a maximum amount I can borrow?

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Are there any property restrictions?

Are there any additional costs?

*Terms and Conditions

first-time buyers only

illustrative examples only

independent mortgage adviser or qualified financial adviser

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.